Various factors like inflation and the potential for a recession have led the S&P 500 index to drop 21.6% from its all-time high set at the start of this year. This precipitous drop erased over $10 trillion of wealth from U.S. financial markets.
A U.S. appeals court on Thursday ruled in favor of Cisco Systems Inc, overturning a more than $2.75 billion award of damages and royalties to Centripetal Networks Inc, a Virginia company that accused it of copying its cybersecurity patents.
Wealth management firms have a responsibility to their clients to maintain the privacy of their financial records and account information. This means that these firms also need to be thorough when building cybersecurity plans.
U.S. business activity slowed considerably in June as high inflation and declining consumer confidence dampened demand across the board, resulting in a gauge of new orders contracting for the first time in nearly two years.
U.S. Treasury yields fell to two-week lows on Thursday on concerns that the Federal Reserve will cause a recession by aggressively hiking interest rates, and on a growing belief that yields may have topped for the near term even if inflation stays high.
Military aircraft engine maker MTU said on Thursday it hopes for "at least a maintenance deal" as Germany replaces its ageing Tornado fighter jet fleet with F-35 steel bombers from Lockheed Martin. [nL5N2VH0RD]
Irish grocery group Musgrave said consumers could soon run out of savings built up when they stayed at home during the pandemic and face a "perfect storm" of surging energy bills and accelerating inflation driving up living costs.
Oil and gas producer Hess Corp expects to add a fourth rig in Bakken shale of North Dakota next month, Chief Executive John Hess said on Thursday, a sign that operators are inching towards greater output increases amid sky-high oil prices.
Sterling trimmed some of its losses on Thursday after better-than-expected UK PMI numbers for June, but the pound remained vulnerable to political risks and recession fears.
This morning a "Potential Dividend Run Alert" went out for Universal Corp (NYSE: UVV), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we?
First of all, what is a "Dividend Run" anyway? This
China stimulus hopes lifted emerging market stocks up from six-week lows on Thursday, while developing world currencies were largely flat as central banks in Turkey and Indonesia acted as markets expected.
Proxy advisers Glass Lewis and ISS are recommending Sainsbury's investors vote against a resolution at its annual meeting calling for Britain's second-biggest grocer to commit to paying the so-called real living wage to all its workers by July 2023.
With the pundits, talking heads, and finance influencers producing a constant stream of stock market "analysis," it can be difficult to keep your cool when the market is nose-diving. Ironically, the decisions you make during periods like this can have some of the biggest implicat
Europe's move away from Russian gas provides a ready and lucrative market for a vast project being developed in West Africa, Mauritania's oil minister said on Thursday.
Transgender and non-binary footballers can now decide themselves whether to play for a men's or women's team instead of being bound by personal identification data, the German Football Association (DFB) said on Thursday.
Britain's Financial Conduct Authority (FCA) has fined Ghana International Bank (GIB) 5.8 million pounds ($7.1 million) for failings in its anti-money laundering controls.
LONDON (Reuters Breakingviews) - Private equity dealmaking is getting a little too incestuous. Volatile markets and the $3 trillion industry’s sheer size mean that Blackstone, KKR and others will increasingly have to sell assets to each ot
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